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Introduction to IPACS-ABS Credit Card System


IPACS credit card system is a comprehensive account information processing system, which can independently realize card issuing, account management, clearing, settlement, acquiring and authorization processing etc..


Features of credit card system:

• Adopting loose coupling mode with core business systems;

• Independent mode: Independent credit card management information processing system, independent accounting system;

• Embedding mode: A subsystem of the integrated business system, belonging to the core accounting system;

• Flexible credit card management;

• Concentrated mode: Accounting, cards and business are concentrated in the card issuing center for management;

• Distributed mode: Multiple card issuing centers, multiople account settlement, customized products of subcenters etc;

• Account management adopts integrated settlement of loan and deposit;

• Simple and clear account settlement;

• Independent settlement of interests and expenses, supporting back value processing;

• Strict categorization of account risks, and tracking in multiple ways;

• Supporting multi-currency account management, e.g. double-currency card;

• Supporting interest accrual mode of international card and non-international card or coexisting mode;

• Multi-level transaction safety filtering.

• Filtering at customer layer, product layer, card layer and account layer.

• Amount limit for single transaction, control of period accumulation.

• Balanced day-end load of host; quick response of online transaction.

• Distributed account days, to reduce the concentrated processing load of host

• Simple and detailed online entries, repayment and settlement processed at day end, to improve the online processing speed.

• Appropriate parameter control and design reuse.

• Reuse processing programs, subtransactions and original transactions, and reduce maintenance costs, product or new business can be established quickly.

• Service parameter definition, transaction parameter definition, trial case definition.

• Product drive business process and business logic.

• Supporting account interfaces with multiple card issuing organizations.

• Adopt technical approach of double balance to support uninterrupted operation for 365×24 hours.

• Peripheral interfaces: Supporting account processing interfaces of multiple card issuing organizations; supporting interfaces of ATM, POS, phone, call center, personal banking staff, private banking staff, online bank etc.; supporting account processing interfaces of multiple agent businesses.

• Card issuing: Including card issuing management, card management and card making management.

• Authorization: Including manual authorization, remote authorization, dynamic authorization and static authorization. Multiple authorization centers supported.

• Information: Including customer profile, customer relationship, equipment information, guarantee file, mortgage file, pledge file, identification file and co-branding file etc.

• Acquiring: Including commercial entry, (manual) acquiring entry, bank statement for commercial customers.

• Clearing: Clearning with card issuing organizations, clearing with core business systems, settlement of different independent legal entities within the bank, peripheral analysis system data is provided.

• Settlement: Realizing settlement through various settlement channels, such as current account processing in large and small amount etc.

• Charge: Expenses amount and preferential level calculated according to the charging requirements and related rates of various transactions, which is the foundation to achieve market orientation of the rates.

• Interest accrual: Responsible for all methods to calculate interest with integral method in the system.

• Product factory: Including product creation, business logic definition, parameter management etc.

• Core system interface: Interfaces of clearing, account integration, data sharing, checking etc. with core business systems.

• Security and precautions: Including front end precautions, background precautions, multi-level data encryption, multi-level transaction filtering, modification tracking etc.

• Card making, password making: The system generates card making file and password making file, safe transfer with card issuing centers.

• Correspondence, customer service: Provide bill data for each period, retrieve bill and customer phone service